{
  "title": "Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations",
  "publication": "IMF Working Papers, June 1, 1998",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/selected-transition-and-mediterranean-countries-an-institutional-primer-on-emu-and-eu-2636",
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  "summary": "Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU).",
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    {
      "heading": "Summary",
      "content": "- Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU).\n- The paper:\n  - Describes the current institutional framework for their relations with the EU.\n  - Examines two basic categories of institutional effects:\n    - Those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area.\n    - Those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU."
    },
    {
      "heading": "Major themes and findings",
      "content": "- Institutional implications for transition and Mediterranean countries relate to both pre-euro accession requirements and post-accession institutional/legal alignment.\n- Two categories of institutional effects are central:\n  - Maastricht convergence criteria requirements.\n  - Adoption of EU institutional and legal provisions in the area of EMU."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking, Central bank autonomy, Central banks, Currencies, Exchange rate policy, Financial institutions, Foreign exchange, Government securities, International trade, Money, Trade agreements\n- Keywords: Baltics, banks government securities, Central bank autonomy, consumer price, countries vis-a-vis, Currencies, deutsche mark, economic policy, EMU, EU, EU countries vis-a-vis, EU country, EU membership, EU trade policy, Europe, exchange rate, Exchange rate policy, Government securities, liberalization vis-a-vis EU country, Mediterranean country, single currency, Trade agreements, transition, WP\n\n---\n\n Content in this bundle\n\n- wp9882\n  - wp9882 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp9882 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/selected-transition-and-mediterranean-countries-an-institutional-primer-on-emu-and-eu-2636"
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    "[Markdown version](/en/publications/wp/issues/2016/12/30/selected-transition-and-mediterranean-countries-an-institutional-primer-on-emu-and-eu-2636/index.md)",
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    "Authors: Robert A Feldman, Heliodoro Temprano-Arroyo",
    "Published: June 1, 1998",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451850413.001",
    "Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU).",
    "The paper:",
    "Institutional implications for transition and Mediterranean countries relate to both pre-euro accession requirements and post-accession institutional/legal alignment.",
    "Two categories of institutional effects are central:",
    "Subject: Banking, Central bank autonomy, Central banks, Currencies, Exchange rate policy, Financial institutions, Foreign exchange, Government securities, International trade, Money, Trade agreements",
    "Keywords: Baltics, banks government securities, Central bank autonomy, consumer price, countries vis-a-vis, Currencies, deutsche mark, economic policy, EMU, EU, EU countries vis-a-vis, EU country, EU membership, EU trade policy, Europe, exchange rate, Exchange rate policy, Government securities, liberalization vis-a-vis EU country, Mediterranean country, single currency, Trade agreements, transition, WP",
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